Annual report pursuant to Section 13 and 15(d)

Statement of Cash Flows

v3.20.4
Statement of Cash Flows
 6 Months Ended
Dec. 31, 2020
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (933,235)
Adjustments to reconcile net loss to net cash used in operating activities:  
General and administrative expenses paid by related party in exchange for issuance of Class B ordinary shares 25,000
Unrealized gain on investments held in Trust Accounts (171,366)
Changes in operating assets and liabilities:  
Prepaid expenses (507,465)
Accounts payable 15,775
Accrued expenses 361,100
Due to related party 44,697
Net cash used in operating activities (1,165,494)
Cash Flows from Investing Activities:  
Cash deposited in Trust Account (690,000,000)
Net cash used in investing activities (690,000,000)
Cash Flows from Financing Activities:  
Repayment of note payable to related party (193,562)
Proceeds received from initial public offering, gross 690,000,000
Proceeds received from private placement 17,300,000
Offering costs paid (14,246,265)
Net cash provided by financing activities 692,860,173
Net increase in cash 1,694,679
Cash - beginning of the period 1,694,679
Cash - ending of the period 1,694,679
Supplemental disclosure of noncash investing and financing activities:  
Offering costs included in note payable - related party 193,562
Deferred legal fees 239,161
Deferred underwriting commissions 24,150,000
Initial value of Class A ordinary shares subject to possible redemption 663,276,660
Change in value of Class A ordinary shares subject to possible redemption $ (713,890)